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We should ban banks from risk-taking because society is going to pay the price.
Nassim Nicholas Taleb
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Nassim Nicholas Taleb
Age: 64
Born: 1960
Born: September 11
Author
Economist
Essayist
Mathematician
Philosopher
Statistician
University Teacher
Writer
Nassim Nicholas Najib Taleb
Nassim Taleb
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Bans
Banks
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Society
More quotes by Nassim Nicholas Taleb
The worst side effect of wealth is the social associations it forces on its victims, as people with big houses end up socializing with other people with big houses.
Nassim Nicholas Taleb
Just as being nice to the arrogant is no better than being arrogant toward the nice, being accommodating toward anyone committing a nefarious action condones it.
Nassim Nicholas Taleb
Scepticism is effortful and costly. It is better to be sceptical about matters of large consequences, and be imperfect, foolish and human in the small and the aesthetic.
Nassim Nicholas Taleb
When you ask people, 'What's the opposite of fragile?,' they tend to say robust, resilient, adaptable, solid, strong. That's not it. The opposite of fragile is something that gains from disorder.
Nassim Nicholas Taleb
true humility is when you can surprise yourself more than others the rest is either shyness or good marketing
Nassim Nicholas Taleb
Antifragility is beyond resilience or robustness. The resilient resists shocks and stays the same the antifragile gets better.
Nassim Nicholas Taleb
A verbal threat is the most authentic certificate of impotence.
Nassim Nicholas Taleb
We should probably stop trading derivatives, anything more complex than regular options ... I am an options trader, and I don't understand options. How do you want a regulator to understand them?
Nassim Nicholas Taleb
You have family-owned businesses that have been around for 500 years. You cannot name a corporation that survives intact for even a few decades.
Nassim Nicholas Taleb
It might be useful to be able to predict war. But tension does not necessarily lead to war, but often to peace and to denouement.
Nassim Nicholas Taleb
The best test of whether someone is extremely stupid (or extremely wise) is whether financial and political news makes sense to him.
Nassim Nicholas Taleb
Daily news and sugar confuse our system in the same manner.
Nassim Nicholas Taleb
Someone bemoaned that there were so few women in economics. But there are also very few men in economics.
Nassim Nicholas Taleb
Every social association that is not face-to-face is injurious to your health.
Nassim Nicholas Taleb
Stoicism is about the *domestication* of emotions, not their elimination.
Nassim Nicholas Taleb
The fool generalizes the particular the nerd particularizes the general some do both and the wise does neither
Nassim Nicholas Taleb
The bonus for bankers fragilizes the system. Someone has the upside at the expense of others.
Nassim Nicholas Taleb
The rationalist imagines an imbecile-free society the empiricist and imbecile-proof one, or even better, a rationalist-proof one.
Nassim Nicholas Taleb
[A] theory is a very dangerous thing to have.
Nassim Nicholas Taleb
Don't disturb complicated systems that have been around for a very long time. We don't understand their logic. Don't pollute the planet. Leave it the way we found it, regardless of scientific 'evidence'.
Nassim Nicholas Taleb